Kazakhstan’s Civil Aviation Committee suspends all the flights operated by Sky Service airline. “Due to the recent crash of Eurocopter ES130 T2 in Almaty, the Civil Aviation Committee decided to suspend flights of Sky Service airline,” a press release reads. Besides, the Committee notified all air carriers and operators to strictly observe flight operations regulations…

The National Bank of Ukraine (NBU) forecasts that inflation rate in Ukraine will not exceed 7% at the end of the year. NBU Governor Yakiv Smolii said this during his speech in the Verkhovna Rada. “Inflation is expected to be not more than 7% at the end of the year, namely 6.9%,” said Smolii. As…

First Deputy Prime Minister of Ukraine and Minister of Economic Development and Trade Stepan Kubiv said the growth of the country’s gross domestic product (GDP) in 2018 was estimated at more than 3%. “The beginning of 2019 is positive: estimates suggest GDP growth in 2018 exceeded 3%, inflation was less than 10%, and the average…

The government has approved the direct contract in accordance with the framework agreement signed between the government, ArmPower CJSC and RENCO S.p.A. (Italy). The contract will allow the constructer to launch the process of building and operating a new 250 MW gas-fueled combined cycle electricity station in Yerevan. The construction of the station is expected…

Power company Eesti Energia is to close part of its operations at the Narva power plants in eastern Estonia, leading to around 150 job losses. Some older electricity generation blocks have to be decommissioned in line with requirements of the EU Industrial Emissions Directive. The move also means the proportion of electricity generated from oil…

A Turkish architect’s project won a competition in Kazakhstan, and would be carried out for a history and culture center in the city of Turkestan. Turkestan Architect Awards – which has five main categories and 15 sub-branches – was launched for the establishment of 15 public buildings in Turkestan. Mehmet Hilmi Sahin joined the competition…

The number of registered unemployed people in Ukraine in the last month of 2018 increased by 40,700 MoM and amounted to 341,700, the State Statistics Service has reported, with reference to the State Employment Service. The registered unemployment rate thus increased to 1.3% from 1.2% in November 2018. According to the service, the greatest increase…

Wizz Air will not sell tickets for Kharkiv-London flights due to the low demand for this route. Now the company’s website offers to buy tickets up to February 9. The management of the Kharkiv airport confirmed that the carrier had decided to cancel the flights. Wizz Air performed the first Kharkiv-London flight on November 13,…

Starting from May 16, the low-cost airline Buta Airways will launch direct flights to another Russian city – Astrakhan, the press service of Buta Airways reported. Astrakhan will be the fifth destination of the low-cost airline in Russia. The airline is already operating regular flights from Baku to Moscow, St. Petersburg, Kazan and Mineralnye Vody.…

In 2019, the construction of a new airport in Dnipropetrovsk region will be launched. “This year, we launch the construction of an airport in Dnipropetrovsk region at the initiative of the government. It is the first airport that will be built since Ukraine has gained the independence. We assume that this airport should be located…

The Deposit Guarantee Fund last week sold insolvent banks’ assets worth UAH 16.87 million, the fund’s press service reports. “Last week (January 8-11) the assets of 16 banks, which are in the management of the fund, were sold for UAH 16.87 million,” reads the report. In particular, UAH 8.85 million was received from repayment of…

Romanian flag-carrier TAROM is entering the Armenian market after earlier reports of the company’s interest in the country. A presentation celebrating the launch of the airline’s activity in Armenia is slated for January 18. Representatives of the General Department of Civil Aviation, the Ministry of Transport, Romania’s Embassy in Yerevan, as well as some 80…

New technical regulations for the production of cement products, steel frames, electric cables and plastic pipes came into effect on January 15. The updated technical regulations have been based on the best practices of the developed countries of the European Union, says the Technical and Construction Supervision Agency of Georgia. The new construction regulations are…

From 2011 to 2018, the National Bank of Kyrgyzstan has bought monetary gold in the amount of 19.4 billion soms on the domestic market, the press service of the bank reported. To replenish the international reserves at the expense of domestic sources, in 2011 the National Bank resumed the purchase of gold on the domestic…

Ukrainian sugar refineries have produced 1.69 million tons of sugar since August 30, 2018, when the current sugar production season began with the launch of a sugar refinery in Tomashpil, Vinnytsia region. “As of January 14, some 1.69 million tons of sugar had been produced and 12.46 million tons of sugar beets had been processed,”…

CSA Czech Airlines will resume flights on the Odesa-Prague route from May 30. According to the press service of Odesa International Airport, from May 30 Czech Airlines flights from Prague to Odesa will be operated twice a week on Mondays and Thursdays. From June 17 a flight on Saturday will be added, and from July…

Power supply in south Uzbekistan will be significantly improved thanks to the construction of the additional generation capacity at existing Talimarjan power plant (TPP) with the help of a up to $240-million sovereign loan provided by the EBRD to JSC Uzbekenergo. The project will be the largest EBRD investment in Uzbekistan to date. The funding…

As announced already in 2018, flag carrier Nordica closed down its Oslo, Amsterdam and St Petersburg routes on January 14. The reduced flight plan leaves the airline with eight direct routes this winter. The destinations still available for direct flights from Tallinn are Stockholm, Vilnius, Copenhagen, Brussels, Kiev, Warsaw, Vienna and Munich, the airline said.…

Bankruptcy proceedings for the financially stricken Lithuanian airline Small Planet Airlines have been launched, with information from the Center of Registers showing that Vilnius Regional Court initiated them on January 7. Small Planet Airlines CEO Kristijonas Kaikaris said the move was aimed at securing protection from creditors as the company no longer received revenue after…

In 2018, UAH 729.4 billion of payments were transferred to the general fund of the state budget, up by 15.2% YoY. The government’s press service posted this on its Facebook page. This amount includes UAH 390.6 billion of tax payments and UAH 338.8 billion of customs payments. Thus, the state received important financial resources to…

Ukraine’s low-cost airline SkyUp plans to perform direct flights between Lviv and Odesa and filed a request for the necessary slots. According to the schedule published on the website of the Odesa airport, flights are to be conducted on Boeing 737-800 aircraft three times a week from June 2. At the same time, SkyUp said…

The Tajik Government plans to increase electricity production 2.5-fold in the next 11 years. According to the country’s energy sector, until 2030, the country’s energy potential will be increased from the current 18 billion to 45 billion kWh per year. This figure will increase the export of environmentally friendly electricity to neighboring countries up to…

Leading Georgian pharmacies have decided to decrease the price of anti-flu medicine Tamiflu, the cost of which formerly ranged in 72-99 GEL. Aversi and PSP pharmacies have complied with the request to show solidarity with the public and make the medicine more affordable. Aversi management says that the current price for the medicine is 68…

Public transport in Tallinn is currently free for all registered residents of the capital city. The coalition Centre Party, however, intends to expand free public transport in Tallinn to all Estonian residents, part of a broader effort to ultimately provide free transport throughout Estonia. According to Centre Party board member Toomas Vitsut, the time has…

President Petro Poroshenko has said that Ukraine’s economic growth in 2019 is expected to reach about 3.4% of GDP, which is the highest in eight years. “We hope that this year economic growth will be within 3.4% – this is a record figure in 8 years. But it’s only the beginning of implementation and results…

Ukrainian producers in 2018 boosted exports of eggs in shell by 21.3%, to almost 107,500 tons, while shell egg exports in monetary terms increased by 37.1%, to $94.1 million. Imports of eggs in shell in 2018 decreased by 40% in physical terms and by 32% in monetary terms, to 3,400 tons and $13.1 million, respectively,…